FCB Staff Report FY 2027 Adopted Budget and Financial Plan

The city's economy continued to expand during the first half of 2026.

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Mission Statement

The New York State Financial Control Board was created by the State Legislature in September 1975 pursuant to the New York State Financial Emergency Act of The City of New York (the "Act"). The Act gives the Control Board powers and responsibilities of review and oversight with respect to the financial management of the New York City government and certain related public authorities.

More About the Board

Staff Reports

The Financial Control Board produces quarterly reports that provide fiscal monitoring and oversight of New York City’s budget.

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Board Members

Membership on the Control Board consists of the Governor (Chairperson), State Comptroller, Mayor, City Comptroller, and three members who are appointed by the Governor.

List of Board Members

Senior Staff

The Governor and the Mayor jointly appoint the Executive Director of the Control Board, who serves at the pleasure of the full board.

List of Senior Staff

Upcoming Meetings

The meeting of the New York State Financial Control Board will be held on Wednesday August 12, 2026, at 11:00 AM. For further information please click link below.

Watch Past Meetings